OpenSea Bug Allows Attackers to Get Massive Discount on Popular NFTs

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The bug allowed the attackers to buy NFTs at older, lower prices, and sell them for a hefty profit.

NFTs are digital assets on a blockchain that represent ownership of virtual or physical items. OpenSea is one of the largest marketplaces for NFTs.Jpegdegenlove partially reimbursed two of the victims, sending them back a total of $75,000 on Monday, Elliptic said.

Some users have been transferring their listed assets to other wallets to take them off the market place whilst avoiding the delisting fee, founder of NFT project freshdrops_ioBut even though the item may appear to be off the OpenSea front end, it is still accessible on OpenSea APIs and Rarible, another NFT marketplace.

"The thief had a bot to scan the blockchain for pending transactions that had low floor pending and bought them,"Bored Ape Yacht Club, Mutant Ape Yacht Club, CyberKongz and Cool Cats NFTs have beenOne collector, who saw their BAYC sell for 0.77 ether, went on Twitter to express his shock when he realized his NFT had disappeared.

 

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